Communication equipment producerHewlett Packard Enterprise (HPE) is up nearly 20% over the past year. One trader sees shares surging higher in the months ahead. That’s based on the September $35 calls. With 95 days until expiration, 5,433 contracts traded compared to a prior open interest of 128, for a 42-fold rise in volume on the trade. The buyer of the calls paid $0.20 to make the bullish bet. HPE shares recently traded near $22, meaning the stock would need to soar about 59% for the options to move in-the-money. Shares recently broke to a new 52-week high over the past few weeks....

Copper producerFreeport-McMoRan (FCX) is up 23% over the past year, however shares have recently fallen about 10% from its 52-week high. One trader sees the potential for shares to rebound in the coming weeks. That’s based on the July 5 $52 calls. With 21 days until expiration, 29,520 contracts traded compared to a prior open interest of 156, for a 189-fold surge in volume on the trade. The buyer of the calls paid $0.66 to make the bullish bet. FCX shares recently traded for about $49, meaning the stock would need to rise by about $3, or 6%, for the option to move in-the-money. Be...

Theater chain operatorCinemark Holdings (CNK) has dropped 9% over the past year, as consumers have largely spent their money on other leisure activities. One trader sees the potential for shares to rally over the summer. That’s based on the July 19 $19 calls. With 36 days until expiration, 12,768 contracts traded compared to a prior open interest of 145, for an 88-fold rise in volume on the trade. The buyer of the calls paid $0.40 to make the bullish bet. Cinemark shares recently traded just over $17, so the stock would need to rise by $2, or about 12%, for the option to move in-the-...

Coffee chainStarbucks (SBUX) is down 17% over the past year, as same-store sales in the U.S. have considerably slowed. One company expects shares to trend higher over the next month. That’s based on the July 12 $82 calls. With 30 days until expiration, 8,367 contracts traded compared to a prior open interest of 129, for a 65-fold rise in volume on the trade. The buyer of the calls paid $2.05 to make the bullish bet. Starbucks shares recently traded for about $81.50, making this an at-the-money trade. Shares are closer to their 52-week low of $71.80 than their 52-week high of $107.66....

Oil and gas exploration and production companyHess Corporation (HES), is up 9% over the past year. That’s far lagged the overall stock market. One trader is betting on a potential decline into next year. That’s based on the January 2025 $145 puts. With 219 days until expiration, 7,250 contracts traded compared to a prior open interest of 153, for a 47-fold rise in volume on the trade. The buyer of the puts paid $10.20 to make the bearish bet. Hess shares recently traded for about $147.50, making this trade about $2.50 out-of-the-money. More interestingly,Chevron (CVX) has been loo...

Mega-bankBank of America (BAC) has been a market favorite over the past year, beating the overall S&P 500 by nearly 50%. One trader sees shares trending even higher in the coming months. That’s based on the September $39 calls. With 104 days until expiration, 4,696 contracts traded compared to a prior open interest of 159, for a 30-fold rise in volume on the trade. The buyer of the calls paid $2.38 to make the bullish bet. Bank of America shares recently traded for about $39.70, meaning the option is already about $0.70 in-the-money. Shares are also right at their 52-week high of...

Drug manufacturerPfizer (PFE) has struggled in the past year, with shares shedding nearly 25%. One trader sees a further decline in the coming weeks. That’s based on the July 5 $28 puts. With 28 days until expiration, 18,025 contracts traded compared to a prior open interest of 165, for a massive 109-fold increase in volume on the trade. The buyer of the calls paid $0.21 to make the bearish bet. Pfizer shares recently traded for about $29.50. They would need to decline $1.50, or about 5%, for the option to move in-the-money. Such a move in a short period of time is possible for share...

Air carrierUnited Airlines Holdings (UAL) has been trending higher since October. One trader sees shares hitting an air pocket over the summer. That’s based on the September $46 puts. With 106 days until expiration, 47,599 contracts traded compared to a prior open interest of 306, for a massive 156-fold rise in volume on the trade. The buyer of the puts paid $1.74 to make the bearish bet. UAL recently traded for about $52, so shares would need to drop by $6, or about 11.5%, for the option to move in-the-money. UAL trades closer to its 52-week high of $58.23 than the low of $33.68....

Sports gaming siteDraftKings (DKNG) is up 39% in the past year, beating the overall returns of the stock market. One trader sees shares trending higher in the coming weeks. That’s based on the July 5 $36 calls. With 30 days until expiration, 11,050 contracts traded compared to a prior open interest of 119, for a 93-fold rise in volume on the trade. The buyer of the calls paid $1.57 to make the bullish bet. DraftKings shares recently traded for about $35.50, making this an at-the-money trade. Shares are well off their 52-week high of $49.57, set back in March. While DraftKings is s...

Discount retailerDollar Tree (DLTR) is down 10% over the past year amid a slowdown in consumer spending on goods. One trader sees shares trending lower in the weeks ahead. That’s based on the August $110 puts. With 72 days until expiration, 3,502 contracts traded compared to  a prior open interest of 110, for a 32-fold rise in volume on the trade. The buyer of the puts paid $1.76 to make the bearish bet. Dollar Tree shares recently traded for about $118, so shares would need to drop $8, or nearly 7%, for the option to move in-the-money. The strike price of the puts is near Dollar Tre...